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Foreign Portfolio Investment Transactions for December Yield Net Inflows

01.12.2012

December 2011 Transactions

Transactions for the month of December yielded net inflows of US$140 million, lower by 71.5 percent from the US$490 million level for November 2011 and by 67.4 percent from the US$428 million recorded last year. Combined investments in PSE-listed securities and Peso GS reached US$1.0 billion this month, lower by 19.0 percent from the US$1.3 billion level last month and by 25.2 percent from of last year’s US$1.4 billion figure due to persistent euro zone debt crisis, the United States’ shaky economy, the developments in the Korean peninsula and the political concerns at home all of which triggered profit taking.

Registration of inward foreign investments with the Bangko Sentral ng Pilipinas (BSP) is voluntary.  It entitles the investor or his representative to buy foreign exchange from authorized agent banks and/or their subsidiary/affiliate foreign exchange corporations for repatriation of capital and remittance of dividends/profits/earnings that accrue on the registered investment.

January to December Flows

For the period January to December 2011, net inflows were recorded at US$4.1 billion, reflecting an 11.5 percent decline from the US$4.6 billion recorded in 2010.  Except for PSE-listed shares whose transactions resulted in net outflows of US$170 million, all other types of instruments yielded net inflows: Peso GS ($3.9 billion), Peso time deposit ($345 million), money market instruments (US$7 million) and unit investment trust funds ($2 million). 

Registered investments were, however, higher at US$16.5 billion compared to US$13.0 billion last year, with investments in PSE-listed securities amounting to US$9.2 billion, up by 8.8 percent from US$8.5 billion last year.  Major beneficiaries were: holding firms (US$2.1 billion); banks (US$1.5 billion); telecommunication companies (US$1.4 billion); property firms (US$1.3 billion); and food, beverage and tobacco manufacturers (US$967 million). 

Investments in Peso GS surged to US$6.7 billion (or by 67.7 percent) from US$4.0 billion last year. 

The US$516 million balance of registered investments were in: (a) Peso time deposits (US$496 million, US$502 million in 2010); (b) money market instruments (US$14 million, US$2 million in 2010); and (c) unit investment trust funds (US$6 million, nil in 2010).

Singapore, the United Kingdom, the United States, Luxembourg and Hong Kong remained in the list of top five (5) investor countries, with combined share to total of 87.2 percent.

Outflows rose to US$12.4 billion (or by 47.8 percent) from US$8.4 billion in 2010, with the bulk representing withdrawals from interim peso deposits due to uncertainties in the euro zone.

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